Molson Coors forecasts Q2 2026 earnings dip, investors trim stakes

Molson Coors Beverage Company (NYSE:TAP) is expected to report second‑quarter 2026 earnings per share of $1.51 on revenue of $3.09 billion, according to a consensus of 16 analysts. The EPS projection represents a 26.3% decline from the $2.05 reported a year earlier, while revenue is forecast to fall about 3.4% year‑over‑year. Analyst sentiment has turned negative, with the EPS estimate drifting down 1.3% over the past month.

Institutional investors have been adjusting their positions in the stock. Empowered Funds LLC sold 19% of its holding, reducing its stake to 138,451 shares (about 0.07% of the company, worth roughly $5.96 million). Fairfax Financial Holdings Ltd. increased its stake by 3.8% to 1,338,500 shares valued at $62.5 million. Skylands Capital LLC boosted its holding by 38% to 342,800 shares worth $14.8 million, while Jefferies Financial Group Inc. added 187.9% to own 43,318 shares valued at $2.0 million. Institutional ownership now stands at about 78.5% of the float.

Molson Coors trades around $42 per share, with a market capitalization of $7.81 billion, a price‑to‑earnings ratio of –3.91 and a beta of 0.42. The company faces pressure from volume constraints, input‑cost inflation and competitive dynamics in its key markets.